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News Archive
Focus Financial Partners, the leading partnership of independent wealth management firms, chooses Tamarac as their preferred portfolio rebalancing software vendor.
Five Focus Financial Partner firms implement Tamarac within first two months of agreement
Seattle, Washington, May 6, 2009
Tamarac Inc., the market leader in premium portfolio rebalancing and trading software, has entered into a partnership with Focus Financial Partners LLC, , to be the preferred provider of portfolio rebalancing software to its growing partnership of leading independent wealth management firms.
With 17 partners and affiliates across the US and the UK, Focus is the leading independent wealth management organization uniting outstanding experts in an entrepreneurial partnership. In addition to being a part of a world-class network of their peers, Focus partners benefit from resources and consulting services in areas such as marketing and talent development, recruitment, and acquisitions.
“Focus Financial Partners has built a true partnership of likeminded fiduciary leaders that share best practices, information, capabilities and referrals,” says Rudy Adolf, CEO and founder of Focus Financial Partners. “The selection of Tamarac as our exclusive rebalancing software vendor supports our ethos of helping our partner firms grow faster and operate more efficiently, while at the same time allowing them to manage their firms in the manner that made them successful in the first place.”
Tamarac Advisor® is a web-based portfolio management application that automates portfolio monitoring, rebalancing, trading and post-trade reconciliation. Tamarac provides firms with in depth training, consulting and ongoing support to ensure they receive the highest returns on their technology investment.
“Focus acts as a true partner to its firms by enabling them with the tools and resources to be successful,” says Stuart DePina, CEO Tamarac, Inc. “We share a similar philosophy of partnering with every firm that uses our software and ensuring they receive tremendous value from our application. Within the first two months of our relationship with Focus, five of their firms have implemented Tamarac Advisor. Firms using our software realize measureable gains in back-office efficiencies which translate to more time for clients, prospecting and research – and that means more profitable growth.”
About Tamarac Inc.
Founded in 2000, Tamarac focuses on web-based portfolio rebalancing and trading software and consulting services for investment professionals that enable them to grow their business by automating critical portfolio management tasks. Tamarac is the leading portfolio rebalancing software provider with a collective client AUM in excess of $100 billion. Tamarac maintains over a 95% client renewal rate by working with each client to implement its technology and providing continuous support.
Tamarac is headquartered in Seattle, WA. Its website address is: http://www.tamaracinc.com
About Focus Financial Partners
Focus Financial Partners, LLC, is the leading international partnership of independent fiduciary wealth management firms. With more than 650 employees, Focus partners provide wealth management, benefit and investment consulting services to individuals, families, employers, and institutions. Focus is majority-owned by its partners. Clients benefit from Focus’ partners independence, unrivaled access, and continuity. Focus principals maintain their entrepreneurial independence; benefit from the synergies, scale, economics, and best practices of the market leader; and achieve an eventual, smooth ownership transition. For more information, please visit Focus Financial Partners.
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